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429 Autumn Avenue, Brooklyn...

Wong Family Sells Brooklyn MultiFamily For $2.8M With Atlas Realty Group Partners LLC
SOLDMultiFamily

Wong Family Sells Brooklyn MultiFamily For $2.8M With Atlas Realty Group Partners LLC

429 Autumn Avenue, Brooklyn, New York 11208, United States

$2,833,000

$164/SF

Building Size

17,200 SF

Asset Type

MultiFamily

Closing

Jan 26, 2022

AI

The multi-family property located at 429 Autumn Ave. in Brooklyn has recently been sold for a price of $2,833,000. The property consists of 19 units, with an average price per unit of $149,105. The total square footage of the property is 17,200, resulting in a price per square foot of $164.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,833,000
  • Units: 19
  • Price per Unit: $149,105
  • Square Footage: 17,200
  • Price per Square Foot: $164
  • Market: Brooklyn

Atlas Realty Group Partners LLC represented the Wong Family in this transaction. The team of brokers involved in the deal includes Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Elli Khafizov.

Players

Elli Khafizov

Atlas Realty Group

Broker

$52.4M

vol

11 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.60%

Cash-on-Cash

-1.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93